The cryptocurrency market has been enduring a lot of price volatility over the past few months. Many not in the crypto space are taking advantage of this transient phrase to preach from their pulpits that cryptocurrency is a “bubble” or a “ponzi” scheme. However, others recognize that the complete story is much more complex. Sopnendu Mohanty, chief financial technology officer of the Monetary Authority of Singapore (Singapore’s Central Bank) said in an interview with CNBC “the speculators and the people who are making money out of this speculation of the cryptocurrency (market) are perhaps negatively impacting the whole experimentation of cryptocurrency.” How is cryptocurrency being negatively affected and what is causing this speculation?